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ABACUS GROUP — Capital/Financing Update 2020
Dec 7, 2020
64280_rns_2020-12-07_25916f1f-a585-4b04-8810-d5a753e309b2.pdf
Capital/Financing Update
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Market Announcement
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8 December 2020
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Abacus Property Group (ASX: ABP) – Trading Halt (1)
Description
The securities of Abacus Property Group (‘ABP’) will be placed in trading halt at ABP’s request, pending it releasing an announcement about the outcome of the institutional component of the accelerated entitlement offer. Unless ASX decides otherwise, the securities will remain in trading halt until the commencement of normal trading on Wednesday, 9 December 2020.
Issued by
Elvis Onyura
Senior Adviser, Listings Compliance (Sydney)
Market Announcement 1/1 ASX Customer Service Centre 131 279 | asx.com.au
8 December 2020 ASX Limited
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8 December 2020
To: Elvis Onyura Senior Adviser, Listings Compliance ASX Limited 20 Bridge St Sydney NSW 2000 By email: [email protected] cc. [email protected]
Dear Elvis
TRADING HALT REQUEST – ASX Code: ABP
Abacus Property Group (“ ABP ”) requests a trading halt in respect of its stapled securities (ASX Code: ABP) pursuant to Listing Rule 17.1 with immediate effect.
For the purposes of Listing Rule 17.1, ABP advises that:
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1 The trading halt is necessary as ABP expects to make an announcement to the ASX in connection with a proposed capital raising by way of an accelerated non-renounceable rights offer (the “ Offer
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2 ABP requests that the trading halt continue until the earlier of ABP releasing an announcement in relation to the completion of the institutional component of the Offer, or until the open of trading on Thursday, 10 December 2020.
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3 ABP expects that the trading halt will be ended by it making an announcement to the ASX in relation to completion of the institutional component of the Offer on Wednesday, 9 December 2020.
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4 ABP is not aware of any reason why the trading halt should not be granted, or of any other information available at this stage that is relevant to the trading halt.
Should you require any further information, please do not hesitate to contact me.
Yours sincerely
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Robert Baulderstone Company Secretary
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